Trends and Opportunities in Mobile and Internet Space in China and Rest of the World

Thursday, July 26, 2007

How many iPhone actually sold?

iPhone’s first weekend didn’t turn out to be as hot as Wall Street analysts had predicted. The sales weren’t 700,000 or 500,000. Or 146,000 for that matter, as AT&T’s results might have indicated. The actual number was somewhere in between.

iPhone was launched on the 29th June and in first 1.25 days Apple sold around 270,000 iPhone, which is pretty impressive for a device that starts at $500. Apple, which announced its fiscal Q3 (ending June 30, 2007) earnings today says that it will shop its millionth iPhone at the end of first full quarter the iPhone has been available.

Still its impressive by any standard for mobile devices. Lets not forget that iPhone has yet to be launched in other countries. I m quite sure that Apple's mission of reaching 10 million iPhone or 1% of the global mobile phone market by the end of 2008 is an achievable objective.

For Q3, Apple posted revenue of $5.41 billion and net quarterly profit of $818 million. These results compare to revenue of $4.37 billion and net quarterly profit of $472 million in the year-ago quarter. Gross margin was 36.9 percent, up from 30.3 percent in the year-ago quarter. International sales accounted for 40 percent of the quarter's revenue.